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Everyone wants to buy low and sell high until it's time to buy low
Reformed Tr🅰️der
49.6K posts
Reformed Tr🅰️der
@Reformed_Trader
Content is for info/entertainment purposes only and not for financial or investment advice. Investing involves risks.
*NFA = Not Financial Advice.
Hebrews 13:5
Joined January 2018
- $SPY rally is done. Back on June 16th I posted this and many dismissed it saying it was too unlikely for a rally that steep. Here we are, and now everyone is dismissing my call for the rally being over. Big wave down coming as we head into midterms
- $SPX back at the trend and nearly everyone is very bullish. The last two days I've seen the most bears capitulate, since the bear market started.
- $SPX another monthly view with the monthly 30sma (purple) and monthly 9sma (white). This particular death cross has only flashed 3 times in the last 23 years.
- $SPY is this the trap being set or is it different this time? Next week will be huge for the trend
- $SPY reached the top of the latest bull channel and ended the day with a long legged doji, which normally signals a trend reversal. With FOMC tomorrow we could see strong volatility into the end of the week. A move back to the 20sma, trendline just below, or even the bottom of
- $SPY ok. Regardless what you think about today vs 2008, the fact we’ve followed the 2008 analog so closely up to this point is straight up weird.
- "Bro just trade what's in front of you. Follow the trend" The trend
